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Published: June 2009

Financial reform coalition tackles big issues

Coalition: Financial Reform

A new financial reform coalition, Americans for Financial Reform, has been launched. Consumer Action is a part of this coalition.

Learn more about Americans for Financial Reform

Below is an excerpt from the coalition's website:

The coalition includes a broad array of financial experts and advocates who are joining together in a campaign to reform our financial system and rebuild our economy.

Americans for Financial Reform is committed to making sure that the financial sector is working for all Americans. We need to rebuild the economy on a strong, solid foundation so that the bankers on Wall Street don’t control what happens on your street.

The coalition will cover 9 issues:

•     Systemic Risk Regulation
•     Mortgage Relief and the Community Reinvestment Act
•     Consumer Protection
•     Regulating the Shadow Markets
•     Resolution Authority
•     Prudential Regulation
•     Civil Rights Compliance
•     Global Issues

A large number of organizations are working together to advance our common interest in an accountable, transparent and secure financial system, and to accomplish our shared policy goals. Because the organizations involved and the issues addressed are diverse, not every organization works on or has a policy position on every specific issue. We are unanimous in our call for change to repair our nation’s broken financial system, establish integrity in the financial markets, and facilitate productive economic activity that benefits all segments of our communities.

Other Organizations

National Organizations

A New Way Forward | AARP | ACORN | Adler and Colvin | AFL-CIO | AFSCME | Alliance For Justice | American Income Life Insurance | Americans for Fairness in Lending | Americans United for Change | Calvert Asset Management Company, Inc. | Campaign for America’s Future | Campaign Money | Center for Economic and Policy Research | Center for Responsible Lending | Change to Win | Clean Yield Asset Management | Coastal Enterprises Inc. | Common Cause | Communications Workers of America | Community Development Transportation Lending Services | Consumer Association Council | Consumer Federation of America | Consumer Watchdog | Consumers Union CTW Investment Group | Democratic Media | Demos | Economic Policy Institute | Essential Action | Greenlining Institute | Housing Counseling Services | Institute for Global Communications | International Brotherhood of Teamsters | IWPR | Krull & Company | Laborers’ International Union of North America | Lake Research Partners | Lawyers’ Committee for Civil Rights Under Law | Leadership Conference on Civil Rights | MoveOn.org Political Action | National Association of Consumer Advocates | National Association of Neighborhoods | National Community Reinvestment Coalition | National Consumer Law Center (on behalf of its low-income clients) | National Consumers League National Council of La Raza | National Fair Housing Alliance | National Federation of Community Development Credit Unions | National Housing Trust | National Housing Trust Community Development Fund | National NeighborWorks Association | National Training and Information Center/National | NCWO | OMB Watch | Opportunity Finance Network Our Future | Partners for the Common Good | People’s Action | Progress Now Action | Progressive States Network | Prospect | Public Citizen | Public States Network | Roosevelt Institute | Sargent Shriver Center on Poverty Law | Service Employees International Union | ShoreBank Corporation | Social Investment Forum | State Voices | Taxpayer’s for Common Sense | Teamsters | The Hastings Group | U.S. PIRG | United Food and Commercial Workers | United States Student Association | University of Minnesota Law School USAction | Veris Wealth Partners | Western States Center | Woodstock Institute | World Privacy Forum
State Organizations

Alaska PIRG | Arizona PIRG | Audubon Partnership for Economic Development LDC (New York, NY) | BAC Funding Consortium Inc. (Miami, FL) | Beech Capital Venture Corporation (Philadelphia, PA) | California PIRG | Century Housing Corporation (Culver City, CA) | Chautauqua Home Rehabilitation and Improvement Corporation (NY) | Chicago Community Loan Fund (Chicago, IL) | Chicago Community Ventures (Chicago, IL) | Chicago Consumer Coalition | Citizen Potawatomi CDC (Shawnee, OK) | Colorado PIRG Community Capital Fund (Bridgeport, CT) | Community Capital of Maryland (Baltimore, MD) | Community Development Financial Institution of the Tohono O’odham Nation (Sells, AZ) | Community Redevelopment Loan and Investment Fund, (Atlanta, GA) | Community Reinvestment Association of North Carolina | Community Resource Group (Fayetteville, AR) | Connecticut PIRG | Consumer Assistance Council | Cooper Square Committee (New York, NY) | Cooperative Fund of New England (Wilmington, NC) Corporacion de Desarrollo Economico de Ceiba (Ceiba, PR) | Delta Foundation, Inc. (Greenville, MS) | Economic Opportunity Fund (EOF) (Philadelphia, PA) | Federation of Appalachian Housing Enterprises, Inc. (Berea, KY) | Fitness and Praise Youth Development, Inc. (Baton Rouge, LA) | Florida Consumer Action Network | Florida PIRG | Forward Community Investments (Madison, WI) | Funding Partners for Housing Solutions (Ft. Collins, CO) | Georgia PIRG | Grow Iowa Foundation (Greenfield, IA) | Homewise, Inc. (Santa Fe, NM) | Idaho Nevada CDFI (Pocatello, ID) | Illinois PIRG | Impact Capital (Seattle, WA) | Indiana PIRG | Iowa PIRG | JobStart Chautauqua, Inc. (Mayville, NY) | La Casa Federal Credit Union (Newark, NJ) | Low Income Investment Fund (San Francisco, CA) | MaineStream Finance (Bangor, ME) | Maryland PIRG | Massachusetts Consumers’ Coalition | MASSPIRG | Midland Community Development Corporation (Midland, TX) | Midwest Housing Development Fund, Inc. (Omaha, NE) | Midwest Minnesota Community Development Corporation (Detroit Lakes, MN) | Mile High Community Loan Fund (Denver, CO) | Missouri PIRG | Montana Community Development Corporation (Missoula, MT) | Montana PIRG | Neighborhood Economic Development Advocacy Project | New Hampshire PIRG | New Jersey Community Capital (Trenton, NJ) | New Jersey PIRG | New Mexico PIRG | New York PIRG | NOAH Community Development Fund, Inc. (Boston, MA) | Nonprofit Finance Fund (New York, NY) | Nonprofits Assistance Fund (Minneapolis, MN) North Carolina PIRG | Northern Community Investment Corporation (St. Johnsbury, VT) | Northside Community Development Fund (Pittsburgh, PA) | Ohio Capital Corporation for Housing (Columbus, OH) | Ohio PIRG | Oregon State PIRG | PennPIRG | Piedmont Housing Alliance (Charlottesville, VA) | PIRG in Michigan | Poverty and Race Research Action Council | Rhode Island PIRG | Rural Community Assistance Corporation (West Sacramento, CA) | Seattle Economic Development Fund dba Community Capital Development Siouxland Economic Development Corporation (Sioux City, IA) | South Dakota Rural Enterprise, Inc. (Sioux Falls, SD) | Southern Bancorp (Arkadelphia, AR) | TexPIRG | The Fair Housing Council of Central New York | The Loan Fund (Albuquerque, NM) | Vermont PIRG | Village Capital Corporation (Cleveland, OH) | Virginia Citizens Consumer Council Virginia Poverty Law Center | WashPIRG | Wigamig Owners Loan Fund, Inc. (Lac du Flambeau, WI) | WISPIRG

More Information

Americans for Financial Reform

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